Breakthroughs and everyday innovations from the year.
HEADLINES ON August 12, 1978
Full News Archive
- Headline: Leadership Change at General Motors. Impact: When Richard L. Terrell resigned, it sent shockwaves through G.M. that somehow led to the invention of the self-driving car. Who knew a simple resignation could lead to a future where you can ignore your friends while your car takes you to Taco Bell?. Fact: Did you know that corporate shake-ups often lead to more drama than a reality show? Grab your popcorn!.
- Headline: New York's Toxic Chemicals Investigation. Impact: The release of the list of industries using toxic chemicals ignited grassroots movements that ultimately led to the invention of eco-friendly glitter. Just imagine if glitter was toxic – we'd all be in trouble!. Fact: Fun fact: Love Canal was such a disaster that it made 'toxic waste' a household term, proving that pollution is really the gift that keeps on giving..
- Headline: Hilton Hotels Corp Expansion Plans. Impact: With the expansion of Hilton Hotels, the hospitality industry was forever altered, leading to the creation of the 'weekend getaway' – a term that would later inspire countless regrettable decisions.. Fact: You know what they say about hotel expansions: if you build it, they will come... and complain about the Wi-Fi!.
- Headline: Around the Nation. Impact: The FBI's failure to find evidence of pre-planned riots opened the door for conspiracy theories to flourish. Now, every time someone misplaces their keys, there's a theory about government cover-ups.. Fact: It's comforting to know that sometimes, incompetence can lead to less chaos than a well-planned conspiracy. Who knew?.
- Headline: For a Success Story, Here's to Beer!. Impact: The trend towards lighter beer led to the rise of 'beer enthusiasts' who take their drinking as seriously as a college professor. Thus began the great debate: is it beer or just fancy carbonated water?. Fact: Lighter beer: because sometimes you need to drink something that won't weigh you down while you contemplate your life choices..
- Headline: Pop: Cars Merge Styles. Impact: As Cars merged styles, they inadvertently set the stage for countless car commercials featuring sad songs and beautiful landscapes, ultimately leading to the invention of the 'road trip' Instagram account.. Fact: Fun fact: Rock bands and cars have a lot in common – they both can make you feel rebellious until you get stuck in traffic..
- Headline: National Air Gets Setback. Impact: The setback for National Air's acquisition led to a series of legal battles that made lawyers richer and passengers angrier. Who knew the airline industry could get any more complicated?. Fact: Remember when flying was fun? Yeah, me neither. Thanks, legal drama!.
- Headline: Prostitutes’ Union Office Burns. Impact: The destruction of the Coyote union office may have led to a rise in underground organizing. If only they had a fire extinguisher and a strategic plan, things might have gone differently.. Fact: When your office burns down, it’s usually a sign to reevaluate your career choices. Or, you know, just get better fire insurance..
- Headline: Lettin’ in the Commies. Impact: Yergin’s article on Soviet trials inadvertently fueled the Cold War’s paranoia, leading to a generation convinced that their neighbors were secretly KGB agents. Thanks for the trust issues, Dan!. Fact: Nothing says 'we’re friends' like a healthy dose of distrust and the fear of espionage, right?.
- Headline: Mrs. Harris Skips a New Chance To Offer. View on Interest Rates. Impact: Mrs. Harris's refusal to comment on interest rates sparked a nationwide game of telephone where everyone pretended to understand economics. Spoiler: they didn’t.. Fact: It turns out that dodging questions is an art form – one that politicians have mastered over the decades. Bravo!.
Wall Street Time Machine
WMT
Walmart
Walmart - If you invested $1,000 in 1978, it would be worth $7,945,492 today (7945.5x return)
INTC
Intel
Intel - If you invested $1,000 in 1978, it would be worth $199,890 today (199.9x return)
JNJ
Johnson & Johnson
Johnson & Johnson - If you invested $1,000 in 1978, it would be worth $423,037 today (423.0x return)